India, Sept. 6 -- The Government of India issued the following news release:
The new GST rates and slabs will have a wide-scale impact on the agriculture sector. This will especially benefit small and medium farmers, due to reduced GST rates on agricultural equipment, the cost of agriculture will decrease and farmers' profits will increase. This view was expressed by Union Agriculture and Rural Development Minister Shri Shivraj Singh Chouhan in a press conference held in Bhopal today.
Shri Shivraj Singh Chouhan said that GST on bio-pesticides and micro-nutrients has been reduced, which will benefit farmers. Also, the trend of farmers towards bio-fertilizers from chemical fertilizers will definitely increase. In the dairy sector, there wil...